Block
A large amount of the same security bought or sold by institutional or other large investors. There is no official size designation constituting a block of securities, but a commonly used threshold is more than 10,000 equity shares or more than $200,000 of debt securities. Investopedia Says:
Blocks of securities are traded in what are called "block trades" and serve to facilitate trades involving institutional investors or other large investors who require such bulk trades to meet their needs. Related Terms:
AUTEX
Block Trade
Blockage Discount
Bunching
Elephants
Expunge
Iceberg Order
Institutional Investor |